Newmarket Hydro Ltd., headquartered in Ontario, has selected Olameter's meter asset ownership programme, under which Olameter will own and manage the installation and operation of Elster Electricity's EnergyAxis® system, as a first step towards meeting the government's smart metering directive. Elster's EnergyAxis system incorporates smart electronic meters with automated, intelligent two-way communications for on-request meter reads and server-initiated commands.

Olameter is a Canadian company that provides a variety of outsourced solutions to the North American utility industry, such as meter procurement and reading, collections, billing services and meter asset ownership. Under the terms of the agreement Olameter will provide Newmarket Hydro with a complete turnkey solution, encompassing meter supply, verification, meter file management, meter reading and technology upgrades. / /